We all live in high uncertainty. Most managers in supply chain feel the pressure, due to the uncertainty, on every single decision they make. Covid-19 adds to the pressure and it is not going to evaporate in post-Covid-19 times.
Watch on-demand this insightful webinar featuring leading Theory of Constraints (TOC) Expert Eli Schragenheim and Anzar Kamdar, Head of Industrial Data Science, ThroughPut to learn about smart forecasting, faster response and better financial management during the pandemic.
Eli Schragenheim is a well known international management educator, author and consultant active in various fields of management. He has worked with a huge variety of organizations all over the world, including public-sector organizations, industrial, high-tech and start-ups. Since he had joined Dr. Eliyahu M. Goldratt, the famous creator of the Theory of Constraints (TOC) in 1985, Eli Schragenheim has taught, spoken at conferences and consulted all over the globe.
By attending the webinar, you will learn first hand from Eli Schragenheim about:
1. Use smart forecasting that shows not only the average quantity of the future demand, per SKU/location, but also the reasonable range of what the demand might be! Whether we like it or not, we need to be ready both to the optimistic assessment as well as to the pessimistic.
Thus, decisions should not be made based on one-number forecasts!
2. Flexible operational response. The faster operations can react to changes, the shorter the forecasting horizon can be, which means narrower reasonable range!
3. Superior financial tools to evaluate the bottom-line impact of alternatives and scenarios. Faced with given reasonable ranges of demand, and given levels of flexibility in Operations, the final decision has to be based on the overall predicted impact on the bottom line. While this wish looks like a fairy-tale based on the current financial practices, it is perfectly possible to use
better financial tools to predict the net impact on the bottom line.
The webinar will explain the basic ideas for integrating the three necessary elements. While the right software would support the combination in an effective way, it is the understanding of the concepts that is truly critical.